VLGSX vs. BLV
Compare and contrast key facts about Vanguard Long-Term Treasury Index Fund Admiral Shares (VLGSX) and Vanguard Long-Term Bond ETF (BLV).
VLGSX is managed by Vanguard. It was launched on Mar 1, 2010. BLV is a passively managed fund by Vanguard that tracks the performance of the Barclays U.S. Long Government/Credit Float Adjusted Index. It was launched on Apr 3, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VLGSX or BLV.
Key characteristics
| VLGSX | BLV | |
|---|---|---|
| YTD Return | -7.30% | -5.58% |
| 1Y Return | -10.07% | -4.67% |
| 3Y Return (Ann) | -10.30% | -7.89% |
| 5Y Return (Ann) | -3.38% | -1.24% |
| 10Y Return (Ann) | 0.42% | 1.59% |
| Sharpe Ratio | -0.71 | -0.38 |
| Daily Std Dev | 15.25% | 13.84% |
| Max Drawdown | -46.25% | -38.29% |
| Current Drawdown | -40.35% | -30.34% |
Correlation
The correlation between VLGSX and BLV is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
VLGSX vs. BLV - Performance Comparison
In the year-to-date period, VLGSX achieves a -7.30% return, which is significantly lower than BLV's -5.58% return. Over the past 10 years, VLGSX has underperformed BLV with an annualized return of 0.42%, while BLV has yielded a comparatively higher 1.59% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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VLGSX vs. BLV - Expense Ratio Comparison
VLGSX has a 0.07% expense ratio, which is higher than BLV's 0.04% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
VLGSX vs. BLV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Long-Term Treasury Index Fund Admiral Shares (VLGSX) and Vanguard Long-Term Bond ETF (BLV). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
VLGSX vs. BLV - Dividend Comparison
VLGSX's dividend yield for the trailing twelve months is around 3.80%, less than BLV's 4.50% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VLGSX Vanguard Long-Term Treasury Index Fund Admiral Shares | 3.80% | 3.29% | 2.80% | 1.79% | 2.13% | 2.45% | 2.72% | 2.55% | 2.68% | 2.80% | 2.77% | 3.20% |
BLV Vanguard Long-Term Bond ETF | 4.50% | 4.06% | 4.17% | 3.37% | 5.84% | 3.57% | 4.07% | 3.63% | 4.16% | 4.37% | 3.90% | 4.85% |
Drawdowns
VLGSX vs. BLV - Drawdown Comparison
The maximum VLGSX drawdown since its inception was -46.25%, which is greater than BLV's maximum drawdown of -38.29%. Use the drawdown chart below to compare losses from any high point for VLGSX and BLV. For additional features, visit the drawdowns tool.
Volatility
VLGSX vs. BLV - Volatility Comparison
Vanguard Long-Term Treasury Index Fund Admiral Shares (VLGSX) has a higher volatility of 3.93% compared to Vanguard Long-Term Bond ETF (BLV) at 3.74%. This indicates that VLGSX's price experiences larger fluctuations and is considered to be riskier than BLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.